Bestof ElonMusk2021 #ElonMusk #MuskWatch2021 BEST of Elon Musk Motivation | If This Does Not Motivate You Nothing Will !

6 p.m christmas eve 2008 it was the last

hour of the last day that it waspossible we would have gone bankrupt two days after christmas otherwise when you had that third failure in a row did you think.

I need to pack this in never

why noti don't ever give up i mean i'd have to be dead or completely incapacitated musk is 40 years old a naturalized american citizen and reportedly worth nearly 2 billion what was your biggest failure and how did that change well there's a ton of failures along the way that's for sure 2008 was brutal few umyeah 2008 we had the third consecutive failure of the falcon rocket for spacex um teslaalmost went bankrupt we closed ourfinancing round6 pm christmas eve 2008 it was the last hour of the last day that it was possible we would have gone bankrupt two days after christmas otherwise and i got divorced that was like rough man remembering scar tissue there well it poses a question or maybe you just answered the question of why is no one else doing these thingswhat's your pain threshold yeah hope it's real highwhy even begin when something is important enough you do it even though it's not in your favor how much of your personal fortune have you poured into this uh 100 million dollars a hundred million dollars intosomething that you did not believe would work at the beginning yes like one of the most difficult choices i ever faced uh in life was was in 2008 um and um i think i had uh like maybe 30 million dollars left or 30 or 41 left in 2008 i had two choices i could put it all into one com pany and then the other company would definitely dieum or split it between the two companies and but if i split it between two companies then both might die and you know when you put your blood sweat and tears into creating something you're building something it's like a child and so it's like which one am i gonna let one starve to deathi couldn't bring myself to do it so I put I split the money between the twofortunately thank goodness they both came through you know there are american heroes who don't like this idea neil armstrong gene cernan have bothtestified against commercial space flight in the way that you're developing it and i wonder what you think of that i was very sad to see that um because those guys are yeah you know those guys are heroes of mineso it's really toughyou know i i wish they would come and visit and and see the hardware that we're doing here and i think that would change their mind they inspired you to do this didn't they yes and to see them casting stones in yourdirectionit's difficult did you expect them to cheer you on so they hoping they would a lot of people want to know you know you're managing three or four

companies now each of them are trying to

do something revolutionary each of them

challenging a business that has

historically been regarded as

impossible to challenge or disrupt how

do you how do you prioritize

i think that a lot of times people think

like creating companies

going to be fun i would say it's not

it's really not that fun i mean there

are periods of fun

starting a business i'd say

number one is have a high paying

threshold

that's it

there's a friend of mine who's got a

good saying which is that starting a

company is like eating glass and

stirring into the abyss okay that's

um that's generally what happens because

when you first start a company there's

lots of optimism and things that things

are great and then so happiness at first

is high then you encounter all sorts of

issues uh and happiness will steadily

decline

and then you'll go through a whole world

of hurt

and then eventually you'll if you

succeed and in most cases you will not

succeed

um

and tesla almost didn't succeed came

very close to failure um

then if you succeed then

after a long time you will finally get

back to happiness

[Music]

since spacex launched 18 years ago musk

has revolutionized rocketry and the

business model of space travel his

falcon 9 rocket is reusable a milestone

breakthrough because it slashes the

dominant cost of launching

breidstein says that sort of corporate

innovation is key to nasa's future too

life cannot just be about solving one

miserable problem after another can't

that can't be the only thing they need

to be

need to be things that inspire you

that make you glad to be to wake up in

the morning and be part of humanity

that's why we did this

this guy called tsielkovsky

one of the early russian

rocket scientists the great saying

earth is the cradle of humanity but you

cannot stay in the cradle forever

it is time to go forth become a

star faring civilization

be out there among the stars

expand the scope and scale of human

consciousness

i find that incredibly exciting

that makes me glad to be alive

i hope you feel the same way